Use the following to answer questions : $$\begin{array}{l}
\text { Table: Production of Cabinets }\
\begin{array} { l c c }
\begin{array} { l }
\text { Quantity } \
\text { of Labour } \
\text { (workers) }
\end{array} & \begin{array} { c }
\text { Quantity of } \
\text { Cabinets } \boldsymbol { q }
\end{array} & \begin{array} { c }
\text { Marginal Product } \
\text { of Labour } \
\text { (units per period) }
\end{array} \
\hline 0 & 0 & \
1 & 5 & 5 \
2 & 11 & 6 \
3 & 16 & 5 \
4 & 20 & 4 \
5 & 23 & 3 \
6 & 25 & 2 \
7 & 26 & 1 \
8 & 25 & - 1
\end{array}
\end{array}$$
-(Table: Production of Cabinets)Use Table: The Production of Cabinets.If each cabinetmaker could be hired at no cost,how many workers would your firm employ?
A) two
B) six
C) seven
D) eight

Question

Use the following to answer questions : $$\begin{array}{l}
\text { Table: Production of Cabinets }\
\begin{array} { l c c } 
\begin{array} { l } 
\text { Quantity } \
\text { of Labour } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Quantity of } \
\text { Cabinets } \boldsymbol { q }
\end{array} & \begin{array} { c } 
\text { Marginal Product } \
\text { of Labour } \
\text { (units per period) }
\end{array} \
\hline 0 & 0 & \
1 & 5 & 5 \
2 & 11 & 6 \
3 & 16 & 5 \
4 & 20 & 4 \
5 & 23 & 3 \
6 & 25 & 2 \
7 & 26 & 1 \
8 & 25 & - 1
\end{array}
\end{array}$$
-(Table: Production of Cabinets)Use Table: The Production of Cabinets.If each cabinetmaker could be hired at no cost,how many workers would your firm employ?
A) two
B) six
C) seven
D) eight

Quizplus · Accepted Answer

The firm would employ workers until the marginal product of labor is zero or negative. At seven workers, the marginal product is still positive (1), but at eight workers, it becomes negative (-1).

Use the Following to Answer Questions -(Table: Production of Cabinets)Use Table: the Production of Cabinets